Notts County were today reluctant to provide any details about their executive chairman Peter Trembling's "management buyout" of the club, citing "confidentiality issues". When questioned about how much Trembling will pay for the club, how much money he has available and who his backers are, the club would not comment.

Trembling told friends a fortnight ago that he was attempting to secure a deal to take over the club in partnership with the businessmen Kevin Leech and Lee Cole. The pair had been directors of Ci4net, a holding company for an internet businesses that collapsed during the dotcom crash and in which Leech was a major shareholder.

Leech, a former Jersey bankrupt, already has some involvement with companies connected to County's current owners, Qadbak Investments. Last month he became chairman of Swiss Commodity Holding, the mining firm in which County's director of football, Sven-Goran Eriksson, was promised a substantial shareholding after a flotation that has yet to take place.

At the time of Qadbak's takeover at Meadow Lane, Leech was also a significant shareholder of First London, the finance company that provided Qadbak with the £5m bank guarantee that led to the supporters' trust handing over its shares in the club for £1.

Privately, club sources today said that they expected the transaction will be completed within a day or two, with a press conference due to take place next week.

Eriksson may yet have a part to play but it will not be as a minor shareholder in Trembling's business. However, the former England manager believes he is owed millions of pounds by Swiss Commodity Holding and may seek to use this as leverage to gain a majority stake in Notts County for himself.

The club were unclear as to whether Eriksson's five-year contracts with County and Swiss Commodity Holding will remain enforceable after the takeover. Notts County's manager, Eriksson's Swedish compatriot Hans Backe, told the Nottingham Evening Post that he, too, is seeking clarification over a number of issues at the club. "Sometimes you need a lot of answers about things," said Backe. "We'll have a chat and we'll have to see what the future is, whether there will be a takeover or not or still the same owners. It's not right to speculate on my future."

The Football League also wants answers. It has still not received a response from Notts County to its outstanding questions over the current ownership and financial circumstances at Meadow Lane.